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Retail banks and investment banks have fundamentally different functions and thus different appetites for risk. Retail banks are low-risk ventures; their deposits are insured by the FDIC. Investment banking is more lucrative but involves greater risk. When these two businesses are placed under the same roof, the result is a severe conflict of interest...

Author: By Anthony P. Dedousis | Title: Too Big to Fail is Too Big | 11/19/2009 | See Source »

...your chapter about health and diets, I was shocked to learn that the average American's caloric intake isn't much greater than the average caloric intake in other countries. Apparently not. And yet we're significantly more obese. That may have something to do with the fact that we don't walk or bicycle as much. Also, the surprising thing is that we're quite a bit more obese than other nations, but we actually have fewer people in the "overweight" category...

Author: /time Magazine | Title: Are the U.S. and Europe Really That Different? | 11/18/2009 | See Source »

...Europe are vastly different? Religion. That's where the differences remain the biggest. I think it's generally true that Americans are more religious than Europeans. The U.S. is more comparable to Mediterranean Catholic nations than the Protestant nations of Northern Europe. And religion in politics: American politicians give greater lip service to religion than is the case in Europe...

Author: /time Magazine | Title: Are the U.S. and Europe Really That Different? | 11/18/2009 | See Source »

...Jintao. "The major challenges of the 21st century, from climate change to nuclear proliferation to economic recovery, are challenges that touch both our nations and challenges that neither of our nations can solve by acting alone. That's why the United States welcomes China's efforts in playing a greater role on the world stage - a role in which a growing economy is joined by growing responsibilities." (See pictures of Barack Obama in Asia...

Author: /time Magazine | Title: China: Self-Centered on the World's Center Stage | 11/18/2009 | See Source »

...currency, the renminbi, which Obama called "an essential contribution to the global rebalancing effort." Hu did, however, say that China and the U.S. "need to oppose and reject protectionism in all its manifestations in an even stronger stand," reinforcing China's view that recent U.S. tariffs pose a greater threat to the global economy than an undervalued renminbi, which has helped China prop up its exports sector even as global trade has slumped. (See pictures of China's economic expansion into Africa...

Author: /time Magazine | Title: China: Self-Centered on the World's Center Stage | 11/18/2009 | See Source »

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